Tsakos Energy Navigation (NYSE:TNP) Lifted to “Buy” at StockNews.com

StockNews.com upgraded shares of Tsakos Energy Navigation (NYSE:TNP) from a hold rating to a buy rating in a research report sent to investors on Saturday.

Separately, Jefferies Financial Group reaffirmed a buy rating and issued a $30.00 price target on shares of Tsakos Energy Navigation in a research note on Wednesday, March 27th.

Tsakos Energy Navigation Stock Down 0.9 %

Shares of NYSE TNP opened at $25.11 on Friday. Tsakos Energy Navigation has a twelve month low of $15.50 and a twelve month high of $27.20. The firm has a fifty day simple moving average of $24.71 and a 200 day simple moving average of $22.99. The company has a market capitalization of $741.00 million, a PE ratio of 2.78 and a beta of -0.14.

Institutional Investors Weigh In On Tsakos Energy Navigation

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Citigroup Inc. bought a new stake in Tsakos Energy Navigation in the fourth quarter valued at $32,000. Point72 Asset Management L.P. bought a new stake in shares of Tsakos Energy Navigation during the fourth quarter worth about $47,000. Altshuler Shaham Ltd increased its position in shares of Tsakos Energy Navigation by 33.3% during the fourth quarter. Altshuler Shaham Ltd now owns 4,000 shares of the shipping company’s stock worth $75,000 after acquiring an additional 1,000 shares in the last quarter. Royal Bank of Canada increased its position in shares of Tsakos Energy Navigation by 100.9% during the third quarter. Royal Bank of Canada now owns 4,182 shares of the shipping company’s stock worth $64,000 after acquiring an additional 2,100 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC bought a new stake in shares of Tsakos Energy Navigation during the third quarter worth about $91,000. 19.24% of the stock is owned by institutional investors.

Tsakos Energy Navigation Company Profile

Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide. The company offers marine transportation services for national, major, and other independent oil companies and refiners under long, medium, and short-term charters. It also operates a fleet of double-hull vessels, comprising of conventional tankers, LNG carriers, and suezmax DP2 shuttle tankers.